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XRP repeatedly fluctuates at the key support level, DAMA voting on January 15 may be a turning point
【Crypto World】In recent days, XRP has been fluctuating between $2.03 and $2.10. Market participants are mainly waiting for the key vote on January 15th—the U.S. Congress’s decision on the “Digital Asset Market Structure and Transparency Act.” The importance of this news is self-evident.
From a technical perspective, $2.00 has become a recent support level. Holding this line, the price will face resistance at $2.18, $2.32, and up to $2.50. However, if this support is broken, the decline could continue all the way down to $1.90 or even $1.80.
Honestly, it’s currently difficult to predict the direction using traditional technical analysis alone; regulatory actions are the real variables. Once the vote results are announced, a directional move may follow. So, in the next couple of days, it’s crucial to keep an eye on policy signals.